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        <name>PUERTO RICO CONVENTION CENTER</name>
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        <name>VINEYARD REDEV AGY UT TAX INCR</name>
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        <name>NEW JERSEY ST HLTH CARE FACS F</name>
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        <name>MICHIGAN ST UNIV REVENUES</name>
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        <name>JACKSON CNTY MI INTERMEDIATE S</name>
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        <name>S WSTRN IL DEV AUTH</name>
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      <invstOrSec>
        <name>ALABAMA CMNTY CLG SYS BRD OF T</name>
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          <isin value="US01025PMD23"/>
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          <maturityDt>2032-11-01</maturityDt>
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        <lei>5493008RBPM01QHRYX34</lei>
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        <curCd>USD</curCd>
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          <maturityDt>2025-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VINEYARD REDEV AGY UT TAX INCR</name>
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          <isin value="US92743FBV67"/>
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          <maturityDt>2033-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MISSION TX</name>
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          <isin value="US605128UK13"/>
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          <maturityDt>2023-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204FJF3</cusip>
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          <isin value="US45204FJF36"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>INDEPENDENT CITIES FIN AUTH CA</name>
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        <title>Independent Cities Finance Authority</title>
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          <isin value="US45384PAL94"/>
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          <maturityDt>2036-06-01</maturityDt>
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      <invstOrSec>
        <name>NEW JERSEY ST HSG &amp; MTGE FIN A</name>
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          <isin value="US646127ES51"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-01</maturityDt>
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          <annualizedRt>1.50000000</annualizedRt>
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        <name>SEATTLE WA DRAIN &amp; WSTWTR REVE</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-05-01</maturityDt>
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        <name>RHODE ISLAND ST &amp; PROVIDENCE P</name>
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          <isin value="US76222RWM05"/>
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        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>RIO HONDO CA CMNTY CLG DIST</name>
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        <title>Rio Hondo Community College District/CA</title>
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          <isin value="US767121DQ62"/>
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        <name>ILLINOIS ST SALES TAX REVENUE</name>
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          <isin value="US452227FB28"/>
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        <balance>500000.00000000</balance>
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          <maturityDt>2036-06-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>TEXAS ST MUNI GAS ACQUISITION&amp;</name>
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        <cusip>88256HAY4</cusip>
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          <isin value="US88256HAY45"/>
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        <name>WISCONSIN ST HLTH &amp; EDUCTNL FA</name>
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        <name>SAN ANTONIO TX ELEC &amp; GAS REVE</name>
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        <name>RIPON CA REDEV AGY SUCCESSOR A</name>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990GH213"/>
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          <maturityDt>2033-10-01</maturityDt>
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      <invstOrSec>
        <name>UNIV OF CALIFORNIA CA REVENUES</name>
        <lei>N/A</lei>
        <title>University of California</title>
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          <isin value="US91412GHM06"/>
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        <curCd>USD</curCd>
        <valUSD>206163.60000000</valUSD>
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          <maturityDt>2022-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
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        <valUSD>25541.52000000</valUSD>
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      <invstOrSec>
        <name>EL CAMINO CA CMNTY CLG DIST</name>
        <lei>N/A</lei>
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          <isin value="US282726EF14"/>
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          <maturityDt>2022-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH ST PERSO</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
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          <isin value="US64990FYF51"/>
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        <curCd>USD</curCd>
        <valUSD>554991.15000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-03-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UPPER DARBY PA SCH DIST</name>
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        <title>Upper Darby School District/PA</title>
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          <isin value="US915633MH19"/>
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        <curCd>USD</curCd>
        <valUSD>301610.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
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          <isin value="US45200BVD71"/>
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        <curCd>USD</curCd>
        <valUSD>220000.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
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          <annualizedRt>0.02000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
        <lei>N/A</lei>
        <title>Providence Public Building Authority</title>
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        <identifiers>
          <isin value="US74381MBR51"/>
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        <curCd>USD</curCd>
        <valUSD>314978.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ESTRN CA MUNI WTR DIST WTR &amp; W</name>
        <lei>549300ZCFVRFDIRWK089</lei>
        <title>Eastern Municipal Water District</title>
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          <isin value="US27627TAQ58"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>182882.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>HOUSTON TX WTR &amp; SWR SYS REVEN</name>
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        <title>City of Houston TX Combined Utility System Revenue</title>
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          <isin value="US4424365Q05"/>
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        <balance>465000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>NEW HAMPSHIRE ST BUSINESS FIN</name>
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        <title>New Hampshire Business Finance Authority</title>
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          <isin value="US644684DR04"/>
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        <balance>675000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>BEXAR CNTY TX</name>
        <lei>N/A</lei>
        <title>County of Bexar TX</title>
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          <isin value="US088281RA04"/>
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        <balance>1500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
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        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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          <isin value="US837151RP61"/>
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        <title>University of Central Arkansas</title>
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          <isin value="US914115M565"/>
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        <balance>400000.00000000</balance>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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          <isin value="US65830RCW79"/>
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        <name>ASHEVILLE NC SPL OBLG</name>
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          <isin value="US044072AD89"/>
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        <name>INDEPENDENT CITIES FIN AUTH CA</name>
        <lei>549300ZZZYTBUL6FR983</lei>
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          <isin value="US45384PAH82"/>
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      <invstOrSec>
        <name>HARRIS CNTY TX CULTURAL EDU FA</name>
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          <isin value="US414009QT03"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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      <invstOrSec>
        <name>OWOSSO MI</name>
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      <invstOrSec>
        <name>WORCESTER MA</name>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isin value="US650370DC07"/>
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        <curCd>USD</curCd>
        <valUSD>327998.70000000</valUSD>
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          <maturityDt>2023-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>SAGINAW MI WTR SPLY SYS REVENU</name>
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          <isin value="US786795CX02"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>EL PASO CNTY CO SCH DIST #003</name>
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          <isin value="US283398AX37"/>
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          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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          <isin value="US041806H375"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>TEXAS ST TURNPIKE AUTH CENTRLT</name>
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        <title>Central Texas Turnpike System</title>
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          <isin value="US882762FE24"/>
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        <valUSD>726944.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HOUSTON TX HOTEL OCCUPANCY TAX</name>
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        <title>City of Houston TX Hotel Occupancy Tax &amp; Special Revenue</title>
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          <isin value="US44237NFN75"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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          <isin value="US207758F240"/>
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        <name>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
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          <isin value="US56042RG485"/>
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      <invstOrSec>
        <name>MOJAVE CA WTR AGY REVENUE</name>
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          <isin value="US60841AAP93"/>
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        <name>WSTRN CAROLINA NC UNIV</name>
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          <isin value="US957897KU41"/>
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        <name>GTR TEXOMA TX UTILITY AUTH CON</name>
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          <isin value="US39239HWV13"/>
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        <name>WEST HAVEN CT</name>
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        <name>DUARTE CA UNIF SCH DIST</name>
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        <name>KING &amp; PIERCE CNTY WA SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UPPER DARBY PA SCH DIST</name>
        <lei>N/A</lei>
        <title>Upper Darby School District/PA</title>
        <cusip>915633MJ7</cusip>
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          <isin value="US915633MJ74"/>
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        <curCd>USD</curCd>
        <valUSD>300933.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DAWSON RIDGE CO MET DIST #1</name>
        <lei>N/A</lei>
        <title>Dawson Ridge Metropolitan District No 1</title>
        <cusip>239427AG2</cusip>
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          <isin value="US239427AG27"/>
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        <curCd>USD</curCd>
        <valUSD>174594.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
        <cusip>59259RWQ3</cusip>
        <identifiers>
          <isin value="US59259RWQ37"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>580588.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS ST MUNI GAS ACQUISITION&amp;</name>
        <lei>0UDITKOYW0YKG3BBP242</lei>
        <title>Texas Municipal Gas Acquisition &amp; Supply Corp III</title>
        <cusip>88256HAX6</cusip>
        <identifiers>
          <isin value="US88256HAX61"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>266108.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARIZONA BRD OF RGTS ST UNIV SY</name>
        <lei>254900BLZ1MCZ5JLK411</lei>
        <title>Arizona State University</title>
        <cusip>04048RLA2</cusip>
        <identifiers>
          <isin value="US04048RLA22"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135843.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOUISVILLE &amp; JEFFERSON CNTY KY</name>
        <lei>N/A</lei>
        <title>Louisville/Jefferson County Metropolitan Government</title>
        <cusip>54659LBQ6</cusip>
        <identifiers>
          <isin value="US54659LBQ68"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>601220.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CAMERON PARISH LA SCH DIST #15</name>
        <lei>N/A</lei>
        <title>Cameron Parish School District No 15</title>
        <cusip>133565BY6</cusip>
        <identifiers>
          <isin value="US133565BY62"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>364060.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL PARK DIST</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>Chicago Park District</title>
        <cusip>167615D75</cusip>
        <identifiers>
          <isin value="US167615D757"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>272180.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp</title>
        <cusip>041806U99</cusip>
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          <isin value="US041806U998"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>291493.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YOUNGSVILLE LA SALES TAX</name>
        <lei>N/A</lei>
        <title>City of Youngsville LA</title>
        <cusip>987733CC4</cusip>
        <identifiers>
          <isin value="US987733CC48"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>307184.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
        <lei>N/A</lei>
        <title>Pennsylvania Higher Educational Facilities Authority</title>
        <cusip>70917SWG4</cusip>
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          <isin value="US70917SWG47"/>
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        <valUSD>160111.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GALESBURG IL REVENUE</name>
        <lei>N/A</lei>
        <title>City of Galesburg IL</title>
        <cusip>363433AQ6</cusip>
        <identifiers>
          <isin value="US363433AQ66"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KING CNTY WA SCH DIST #412 SHO</name>
        <lei>N/A</lei>
        <title>King County School District No 412 Shoreline</title>
        <cusip>495242N47</cusip>
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          <isin value="US495242N471"/>
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        <balance>1000000.00000000</balance>
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          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>BUCKS CNTY PA INDL DEV AUTH</name>
        <lei>N/A</lei>
        <title>Bucks County Industrial Development Authority</title>
        <cusip>118612LV0</cusip>
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          <isin value="US118612LV00"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-09-15</maturityDt>
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      <invstOrSec>
        <name>TEMPLE TX TAX INCR</name>
        <lei>N/A</lei>
        <title>City of Temple TX</title>
        <cusip>880157BK7</cusip>
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          <isin value="US880157BK76"/>
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        <balance>135000.00000000</balance>
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        <assetCat>DBT</assetCat>
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          <maturityDt>2024-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>VINEYARD REDEV AGY UT TAX INCR</name>
        <lei>N/A</lei>
        <title>Vineyard Redevelopment Agency</title>
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          <isin value="US92743FBR55"/>
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        <valUSD>517023.48000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>MASSACHUSETTS ST SCH BLDG AUTH</name>
        <lei>N/A</lei>
        <title>Massachusetts School Building Authority</title>
        <cusip>576000LP6</cusip>
        <identifiers>
          <isin value="US576000LP64"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>176735.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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      <invstOrSec>
        <name>BUTLER CNTY PA GEN AUTH REVENU</name>
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          <isin value="US123574BF16"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
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          <isin value="US59447TK853"/>
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          <maturityDt>2034-06-01</maturityDt>
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      <invstOrSec>
        <name>CENTRL PLAINS ENERGY PROJ NE G</name>
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          <isin value="US154871CT22"/>
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        <curCd>USD</curCd>
        <valUSD>663596.76000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WEST SACRAMENTO CA FING AUTH W</name>
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          <isin value="US955657CW92"/>
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        <curCd>USD</curCd>
        <valUSD>292291.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DALLAS TX WTRWKS &amp; SWR SYS REV</name>
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        <title>City of Dallas TX Waterworks &amp; Sewer System Revenue</title>
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          <isin value="US23542JFB61"/>
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        <curCd>USD</curCd>
        <valUSD>126000.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEWIS POINTE CO MET DIST</name>
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          <isin value="US528049AD16"/>
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        <curCd>USD</curCd>
        <valUSD>313801.93000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK CITY NY HSG DEV CORP</name>
        <lei>549300SQWVHKBRF8D702</lei>
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          <isin value="US64972EYZ68"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1506542.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.60000000</annualizedRt>
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        <name>MET WTR DIST OF STHRN CA WTRWK</name>
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        <title>Metropolitan Water District of Southern California</title>
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          <isin value="US59266TNV97"/>
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        <curCd>USD</curCd>
        <valUSD>1200006.84000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
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      <invstOrSec>
        <name>MINISINK VLY NY CENTRL SCH DIS</name>
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          <maturityDt>2022-04-15</maturityDt>
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        <name>DIST OF COLUMBIA INCOME TAX SE</name>
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          <maturityDt>2021-12-01</maturityDt>
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        <name>CALIFORNIA ST PUBLIC WKS BRD L</name>
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        <name>NORTH LAS VEGAS NV</name>
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        <name>TEMPLE TX TAX INCR</name>
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          <isin value="US880157BL59"/>
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        <name>NEW YORK ST LIBERTY DEV CORP L</name>
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        <name>WESTMINSTER CA SCH DIST</name>
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          <maturityDt>2048-08-01</maturityDt>
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        <name>BRIDGEPORT CT</name>
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        <name>WEST HAVEN CT</name>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>ESSEX CNTY NJ IMPT AUTH CHRT S</name>
        <lei>N/A</lei>
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          <isin value="US29681CAG33"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNEAPOLIS MN REVENUE</name>
        <lei>54930069TEI1INHRHS55</lei>
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          <isin value="US603786EH32"/>
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        <curCd>USD</curCd>
        <valUSD>1325000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-01</maturityDt>
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          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>FORT BEND CNTY TX MUNI UTILITY</name>
        <lei>N/A</lei>
        <title>Fort Bend County Municipal Utility District No 2</title>
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          <isin value="US346792HX52"/>
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        <curCd>USD</curCd>
        <valUSD>113444.70000000</valUSD>
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          <maturityDt>2023-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CHICAGO IL PARK DIST</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>Chicago Park District</title>
        <cusip>167615C84</cusip>
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          <isin value="US167615C841"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>605986.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS ST DEV FIN AUTH</name>
        <lei>N/A</lei>
        <title>Illinois Development Finance Authority</title>
        <cusip>45188R7S2</cusip>
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          <isin value="US45188R7S22"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1750000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452152Q20</cusip>
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          <isin value="US452152Q203"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>309258.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MARTIN CNTY TX HOSP DIST</name>
        <lei>N/A</lei>
        <title>Martin County Hospital District</title>
        <cusip>57325VAF6</cusip>
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          <isin value="US57325VAF67"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102345.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
        <title>Connecticut State Health &amp; Educational Facilities Authority</title>
        <cusip>20774YZ75</cusip>
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          <isin value="US20774YZ755"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>423850.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>BAY AREA CA TOLL AUTH TOLL BRI</name>
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        <title>Bay Area Toll Authority</title>
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          <isin value="US072024UV26"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>129104.05000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MATTESON IL</name>
        <lei>N/A</lei>
        <title>Village of Matteson IL</title>
        <cusip>577098NV4</cusip>
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          <isin value="US577098NV40"/>
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        <balance>465000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>579435.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>RIVERSIDE CNTY CA CMNTY FACS D</name>
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        <title>Riverside County Community Facilities Districts</title>
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          <isin value="US76911FVB74"/>
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        <balance>1060000.00000000</balance>
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        <valUSD>1291913.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>COLORADO ST HLTH FACS AUTH HOS</name>
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        <title>Colorado Health Facilities Authority</title>
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          <isin value="US19648FJU93"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-01</maturityDt>
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        <name>NORFOLK VA ARPT AUTH REVENUE</name>
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          <isin value="US655857DW79"/>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>WARRIOR RUN PA SCH DIST MONTOU</name>
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          <maturityDt>2036-09-01</maturityDt>
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      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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        <title>Arlington Higher Education Finance Corp</title>
        <cusip>041806U81</cusip>
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          <isin value="US041806U816"/>
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        <name>COTULLA TX INDEP SCH DIST</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2022-02-15</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA ST UNIV REVENUE</name>
        <lei>N/A</lei>
        <title>California State University</title>
        <cusip>13077CB52</cusip>
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          <isin value="US13077CB528"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>404855.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
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        <name>DAWSON RIDGE CO MET DIST #1</name>
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        <name>APPLE VLY CA PUBLIC FING AUTH</name>
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          <isin value="US03787QAG01"/>
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        <name>CALIFORNIA ST PUBLIC WKS BRD L</name>
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        <name>PARK FOREST IL</name>
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        <name>INDIANA ST FIN AUTH ENVRNMNTL</name>
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        <name>GTR TEXOMA TX UTILITY AUTH CON</name>
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        <name>Fidelity Treasury Only Portfolio</name>
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          <isin value="US2338093006"/>
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        <name>VINEYARD REDEV AGY UT TAX INCR</name>
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        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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        <name>CRYSTAL VLY CO MET DIST #2</name>
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        <name>UPTOWN DEV AUTH TX INCR CONTRA</name>
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        <name>LEWIS POINTE CO MET DIST</name>
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        <name>GREENVILLE MI SANTN SWR REVENU</name>
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        <name>ILLINOIS ST SALES TAX REVENUE</name>
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        <name>UNIV OF CALIFORNIA CA REVENUES</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH ST</name>
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        <name>AVON NY CENTRL SCH DIST</name>
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        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
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        <name>PORT NEW ORLEANS LA BRD OF COM</name>
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        <name>WESTSIDE CA UNION SCH DIST</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>None</couponKind>
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          <maturityDt>2021-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>VAN BUREN MI PUBLIC SCHS</name>
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        <name>FORT BEND CNTY TX MUNI UTILITY</name>
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        <name>CENTRL PLAINS ENERGY PROJ NE G</name>
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        <balance>3340000.00000000</balance>
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          <maturityDt>2037-09-01</maturityDt>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <maturityDt>2022-05-15</maturityDt>
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        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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          <isin value="US187145MC86"/>
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        <name>MIAMI-DADE CNTY FL SCH BRD COP</name>
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        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
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        <name>KITSAP CNTY WA SCH DIST #401 C</name>
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        <name>MONTANA FAC FIN AUTH HLTH FACS</name>
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      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
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          <isin value="US665245YV26"/>
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      <invstOrSec>
        <name>MATTABASSETT CT DIST REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US576899AC25"/>
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          <maturityDt>2023-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063C4J6</cusip>
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          <isin value="US13063C4J62"/>
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        <curCd>USD</curCd>
        <valUSD>251816.35000000</valUSD>
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          <maturityDt>2022-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LONG BEACH CA UNIF SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US542433WE30"/>
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        <curCd>USD</curCd>
        <valUSD>104913.17000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2022-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>LOS ANGELES CA DEPT OF WTR &amp; P</name>
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          <isin value="US544525QL59"/>
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        <balance>100000.00000000</balance>
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          <maturityDt>2022-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GREENVILLE MI SANTN SWR REVENU</name>
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          <isin value="US396178BC86"/>
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        <curCd>USD</curCd>
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          <maturityDt>2039-06-01</maturityDt>
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        <name>PARK FOREST IL</name>
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          <maturityDt>2025-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
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        <name>MAINE ST FIN AUTH LOAN REVENUE</name>
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        <name>IOWA ST UNIV SCIENCE &amp; TECHNOL</name>
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        <name>MUNI ELEC AUTH OF GEORGIA</name>
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        <name>HOMEWOOD AL EDUCTNL BLDG AUTH</name>
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      <invstOrSec>
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        <name>BENTONVILLE AR SCH DIST #6</name>
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        <name>HAYWARD CA REDEV AGY SUCCESSOR</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <name>EL PASO CNTY CO SCH DIST #003</name>
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        <name>MADISON MACOUPIN ETC CNTYS ILC</name>
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      </invstOrSec>
      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
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          <isin value="US59261AWC79"/>
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        <curCd>USD</curCd>
        <valUSD>800000.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WILKINSBURG-PENN PA JT WTR AUT</name>
        <lei>N/A</lei>
        <title>Wilkinsburg-Penn Joint Water Authority/The</title>
        <cusip>968546LX7</cusip>
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          <isin value="US968546LX72"/>
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        <curCd>USD</curCd>
        <valUSD>269158.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PHILADELPHIA PA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Philadelphia PA Airport Revenue</title>
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          <isin value="US717817UZ15"/>
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        <curCd>USD</curCd>
        <valUSD>610539.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N TX TOLLWAY AUTH REVENUE</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority</title>
        <cusip>66285WE69</cusip>
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          <isin value="US66285WE699"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1623653.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KENTUCKY ST ECON DEV FIN AUTH</name>
        <lei>N/A</lei>
        <title>Kentucky Economic Development Finance Authority</title>
        <cusip>49126PEU0</cusip>
        <identifiers>
          <isin value="US49126PEU03"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>380638.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JACKSONVILLE FL SPL REVENUE</name>
        <lei>549300XQE0JVN9WV0J40</lei>
        <title>City of Jacksonville FL</title>
        <cusip>469487QG0</cusip>
        <identifiers>
          <isin value="US469487QG03"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>171357.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GRAND RIVER CO HOSP DIST</name>
        <lei>N/A</lei>
        <title>Grand River Hospital District</title>
        <cusip>386448EQ3</cusip>
        <identifiers>
          <isin value="US386448EQ33"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500224.87000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ATLANTA GA DEV AUTH</name>
        <lei>N/A</lei>
        <title>Atlanta Development Authority/The</title>
        <cusip>04780NGD3</cusip>
        <identifiers>
          <isin value="US04780NGD30"/>
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        <balance>905000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>905000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452152P88</cusip>
        <identifiers>
          <isin value="US452152P882"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>286420.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WSTRN DUBUQUE CNTY IA CMNTY SC</name>
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        <title>Western Dubuque County Community School District</title>
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          <isin value="US958111FN11"/>
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          <maturityDt>2023-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <name>NEW JERSEY ST</name>
        <lei>N/A</lei>
        <title>State of New Jersey</title>
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          <isin value="US646039YQ49"/>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TEMPLE TX TAX INCR</name>
        <lei>N/A</lei>
        <title>City of Temple TX</title>
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          <isin value="US880157BN16"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>ARIZONA INDL DEV AUTH STUDENT</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052VAH3</cusip>
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          <isin value="US04052VAH33"/>
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        <balance>325000.00000000</balance>
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          <maturityDt>2032-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW BRITAIN CT</name>
        <lei>549300MERJSUOPGAV271</lei>
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          <isin value="US642714BP30"/>
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          <maturityDt>2030-09-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>HAZLETON PA AREA SCH DIST</name>
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          <isin value="US422002HA62"/>
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        <name>SAGINAW MI WTR SPLY SYS REVENU</name>
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          <isin value="US786795CW29"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2022-07-01</maturityDt>
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        <name>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
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          <isin value="US56042RF313"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-01</maturityDt>
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      <invstOrSec>
        <name>LOUISIANA PUB FACS AUTH REVENU</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority</title>
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          <isin value="US546399LE44"/>
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        <balance>150000.00000000</balance>
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        <assetCat>DBT</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEMPLE TX TAX INCR</name>
        <lei>N/A</lei>
        <title>City of Temple TX</title>
        <cusip>880157BJ0</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245YX8</cusip>
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          <isin value="US665245YX81"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>UNIV OF CALIFORNIA CA REVENUES</name>
        <lei>N/A</lei>
        <title>University of California</title>
        <cusip>91412HAC7</cusip>
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          <isin value="US91412HAC79"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103889.08000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WOODFORD LASALLE LIVINGSTON ET</name>
        <lei>N/A</lei>
        <title>Woodford Lasalle Livingston Etc Counties Community Unit Sch Dist No 6 Fieldcrest</title>
        <cusip>979412BW2</cusip>
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          <isin value="US979412BW24"/>
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        <curCd>USD</curCd>
        <valUSD>591441.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST ECON DEV AUTH MT</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority</title>
        <cusip>64578JAX4</cusip>
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          <isin value="US64578JAX46"/>
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        <balance>1220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1262243.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST THRUWAY AUTH</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority</title>
        <cusip>650009ZZ9</cusip>
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          <isin value="US650009ZZ94"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST ECON DEV FING</name>
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        <title>Pennsylvania Economic Development Financing Authority</title>
        <cusip>70870FAR7</cusip>
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          <isin value="US70870FAR73"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>529663.68000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MORGANTOWN WV COMB UTILITY SYS</name>
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        <title>Morgantown Utility Board Inc</title>
        <cusip>61759CDV7</cusip>
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          <isin value="US61759CDV72"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>242882.52000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>FLORIDA ST BRD OF EDU PUBLIC E</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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          <isin value="US34153QPY60"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>156151.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AURORA IL REVENUE</name>
        <lei>N/A</lei>
        <title>City of Aurora IL</title>
        <cusip>051672AB9</cusip>
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          <isin value="US051672AB98"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>900000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>ARIZONA ST INDL DEV AUTH NATIO</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052FAM7</cusip>
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          <isin value="US04052FAM77"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>SANTA CLARA CNTY CA FING AUTH</name>
        <lei>549300A73O1Q5POHAT69</lei>
        <title>Santa Clara County Financing Authority</title>
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          <isin value="US801577LN53"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990BK69</cusip>
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          <isin value="US64990BK697"/>
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      <invstOrSec>
        <name>ESSEX CNTY NJ IMPT AUTH</name>
        <lei>N/A</lei>
        <title>Essex County Improvement Authority</title>
        <cusip>296806PC0</cusip>
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          <isin value="US296806PC09"/>
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          <maturityDt>2034-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW JERSEY ST</name>
        <lei>N/A</lei>
        <title>State of New Jersey</title>
        <cusip>646039YN1</cusip>
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          <isin value="US646039YN18"/>
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        <balance>500000.00000000</balance>
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        <valUSD>658726.20000000</valUSD>
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        <name>DALLAS TX PERFORMING ARTS CULT</name>
        <lei>N/A</lei>
        <title>Dallas Performing Arts Cultural Facilities Corp</title>
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          <isin value="US235364AG12"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
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      <invstOrSec>
        <name>TEMPLE TX TAX INCR</name>
        <lei>N/A</lei>
        <title>City of Temple TX</title>
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          <isin value="US880157BP63"/>
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        <balance>200000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>INDIANA FIN AUTH IN WSTWTR UTI</name>
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      <invstOrSec>
        <name>TRIWAY OH LOCAL SCH DIST COPS</name>
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          <maturityDt>2023-12-01</maturityDt>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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          <isin value="US041806T347"/>
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        <curCd>USD</curCd>
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          <maturityDt>2029-08-01</maturityDt>
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        <name>UTAH ST ASSOCIATED MUNI PWR SY</name>
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          <isin value="US917328RV04"/>
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        <curCd>USD</curCd>
        <valUSD>617520.90000000</valUSD>
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        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
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          <isin value="US762244FC02"/>
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        <curCd>USD</curCd>
        <valUSD>577736.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WHEELING WV WTRWKS &amp; SWR SYS R</name>
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          <isin value="US963270GG24"/>
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        <curCd>USD</curCd>
        <valUSD>562610.45000000</valUSD>
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          <maturityDt>2029-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>FOREST HILLS PA SCH DIST</name>
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          <isin value="US345802LR13"/>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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          <isin value="US650116EG76"/>
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          <maturityDt>2027-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ALABAMA CMNTY CLG SYS BRD OF T</name>
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          <isin value="US01025PME06"/>
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        <curCd>USD</curCd>
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          <maturityDt>2033-11-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>OYSTER BAY NY</name>
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        <name>MONROE CNTY GA DEV AUTH POLL C</name>
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        <name>KANE &amp; DE KALB CNTYS IL CMNTY</name>
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        <name>KELSEYVILLE CA UNIF SCH DIST</name>
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        <name>BELLINGHAM WA WTR &amp; SWR REVENU</name>
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        <name>FORT BEND CNTY TX MUNI UTILITY</name>
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          <isin value="US346792HY36"/>
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      <invstOrSec>
        <name>COATESVILLE PA AREA SCH DIST B</name>
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        <name>ATLANTIC CNTY NJ IMPT AUTH LEA</name>
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        <name>FAYETTE CNTY PA HOSP AUTH</name>
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          <maturityDt>2037-06-01</maturityDt>
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          <annualizedRt>0.03000000</annualizedRt>
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          <isin value="US963270GE75"/>
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        <curCd>USD</curCd>
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          <maturityDt>2027-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>MARICOPA CNTY AZ INDL DEV AUTH</name>
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          <isin value="US56681NCL91"/>
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          <maturityDt>2037-07-01</maturityDt>
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        <name>SALEM CNTY NJ IMPT AUTH</name>
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          <isin value="US794102GN77"/>
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        <name>CICERO IL</name>
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        <name>MIAMI-DADE CNTY FL AVIATION RE</name>
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        <name>RIDLEY PA SCH DIST</name>
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        <name>KENDALL KANE &amp; WILL CNTYS IL C</name>
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        <name>LOUISVILLE &amp; JEFFERSON CNTY KY</name>
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        <name>BIRMINGHAM AL ARPT AUTH ARPT R</name>
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        <name>TRIWAY OH LOCAL SCH DIST COPS</name>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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        <name>WILL CNTY IL SCH DIST #114 MAN</name>
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      <invstOrSec>
        <name>ESSEX CNTY NJ IMPT AUTH</name>
        <lei>N/A</lei>
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        <name>SANGAMON CNTY IL SCH DIST #186</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FLORIDA ST DEV FIN CORP EDUCTN</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp</title>
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          <isin value="US34061UGH59"/>
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        <curCd>USD</curCd>
        <valUSD>216681.84000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BILLERICA MA</name>
        <lei>N/A</lei>
        <title>Town of Billerica MA</title>
        <cusip>09005PCA6</cusip>
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          <isin value="US09005PCA66"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>186830.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NORTH POCONO PA SCH DIST</name>
        <lei>N/A</lei>
        <title>North Pocono School District</title>
        <cusip>661684QS2</cusip>
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          <isin value="US661684QS28"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>300878.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CICERO IL</name>
        <lei>N/A</lei>
        <title>Town of Cicero IL</title>
        <cusip>171646RR5</cusip>
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          <isin value="US171646RR58"/>
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        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>244886.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UPPER IL RIVER VLY DEV AUTH</name>
        <lei>N/A</lei>
        <title>Upper Illinois River Valley Development Authority</title>
        <cusip>91588TBR5</cusip>
        <identifiers>
          <isin value="US91588TBR59"/>
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        <balance>425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500839.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST URBAN DEV CORP REV</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>New York State Urban Development Corp</title>
        <cusip>650036BY1</cusip>
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          <isin value="US650036BY17"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>485563.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
        <lei>N/A</lei>
        <title>City of Bozeman MT</title>
        <cusip>103707BJ3</cusip>
        <identifiers>
          <isin value="US103707BJ30"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202430.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS ST PRIV ACTIVITY BOND SU</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp</title>
        <cusip>882667BD9</cusip>
        <identifiers>
          <isin value="US882667BD90"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>611376.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>S WSTRN IL DEV AUTH</name>
        <lei>549300B1KLLJ8NU5XK71</lei>
        <title>Southwestern Illinois Development Authority</title>
        <cusip>84552YRC7</cusip>
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          <isin value="US84552YRC74"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>302546.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DALLAS TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Dallas Independent School District</title>
        <cusip>235308SD6</cusip>
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          <isin value="US235308SD63"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>210183.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>IDAHO ST HSG &amp; FIN ASSN</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing &amp; Finance Association</title>
        <cusip>45129WQB9</cusip>
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          <isin value="US45129WQB99"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1485584.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ERIE PA</name>
        <lei>N/A</lei>
        <title>City of Erie PA</title>
        <cusip>295407Q52</cusip>
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          <isin value="US295407Q525"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>470818.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>COOK CNTY IL TWP HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>Cook County Township High School District No 220 Reavis</title>
        <cusip>216146HL7</cusip>
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          <isin value="US216146HL70"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>707394.90000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NORTH HOUSTON DEV CORP TX TAX</name>
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        <title>Greater Greenspoint Redevelopment Authority</title>
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          <isin value="US660027AP84"/>
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          <maturityDt>2033-09-01</maturityDt>
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        <name>DUBLIN OH</name>
        <lei>N/A</lei>
        <title>City of Dublin OH</title>
        <cusip>263713C56</cusip>
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          <isin value="US263713C565"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>126620.71000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>MSD OF WASH TWP SCH BLDG CORP</name>
        <lei>N/A</lei>
        <title>MSD of Wash Township School Building Corp</title>
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        <identifiers>
          <isin value="US62476HCR66"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>288498.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp</title>
        <cusip>187145LS4</cusip>
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          <isin value="US187145LS48"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>261070.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST PUBLIC WKS BRD L</name>
        <lei>N/A</lei>
        <title>California State Public Works Board</title>
        <cusip>13068LR49</cusip>
        <identifiers>
          <isin value="US13068LR490"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103262.80000000</valUSD>
        <pctVal>0.053114383454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARIZONA INDL DEV AUTH STUDENT</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052VAG5</cusip>
        <identifiers>
          <isin value="US04052VAG59"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>382065.96000000</valUSD>
        <pctVal>0.196519926871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUNTINGTON BEACH CA PUBLIC FIN</name>
        <lei>N/A</lei>
        <title>Huntington Beach Public Financing Authority</title>
        <cusip>446216GN7</cusip>
        <identifiers>
          <isin value="US446216GN77"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105077.30000000</valUSD>
        <pctVal>0.054047691953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONROE CNTY NY INDL DEV AGY SC</name>
        <lei>N/A</lei>
        <title>Monroe County Industrial Development Corp</title>
        <cusip>610730CN1</cusip>
        <identifiers>
          <isin value="US610730CN12"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>563900.85000000</valUSD>
        <pctVal>0.290048749186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOUISIANA STADIUM &amp; EXPOSITION</name>
        <lei>5493000QEHWDGVGH7J62</lei>
        <title>Louisiana Stadium &amp; Exposition District</title>
        <cusip>546410CF6</cusip>
        <identifiers>
          <isin value="US546410CF64"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1586694.30000000</valUSD>
        <pctVal>0.816134072250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KELSEYVILLE CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Kelseyville Unified School District</title>
        <cusip>488224DQ6</cusip>
        <identifiers>
          <isin value="US488224DQ61"/>
        </identifiers>
        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24796.32000000</valUSD>
        <pctVal>0.012754266287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KING CNTY WA SCH DIST #210 FED</name>
        <lei>N/A</lei>
        <title>King County School District No 210 Federal Way</title>
        <cusip>494890B88</cusip>
        <identifiers>
          <isin value="US494890B887"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1194926.90000000</valUSD>
        <pctVal>0.614624100520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOUSTON TX HGR EDU FIN CORP UN</name>
        <lei>N/A</lei>
        <title>Houston Higher Education Finance Corp</title>
        <cusip>44237QAC9</cusip>
        <identifiers>
          <isin value="US44237QAC96"/>
        </identifiers>
        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>230004.39000000</valUSD>
        <pctVal>0.118305346812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S W TX HGR EDU AUTH</name>
        <lei>N/A</lei>
        <title>Southwest Higher Education Authority Inc</title>
        <cusip>845040KE3</cusip>
        <identifiers>
          <isin value="US845040KE36"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100782.13000000</valUSD>
        <pctVal>0.051838422919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOUISIANA ST OFFSHORE TERMINAL</name>
        <lei>N/A</lei>
        <title>Louisiana Offshore Terminal Authority</title>
        <cusip>546510FH6</cusip>
        <identifiers>
          <isin value="US546510FH68"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>600000.00000000</valUSD>
        <pctVal>0.308616753302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST FIN AUTH REVENUE</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>59447TUU5</cusip>
        <identifiers>
          <isin value="US59447TUU59"/>
        </identifiers>
        <balance>235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>304889.89000000</valUSD>
        <pctVal>0.156823546611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAN ANTONIO TX ELEC &amp; GAS REVE</name>
        <lei>5493002G2FEH20Q4GQ04</lei>
        <title>City of San Antonio TX Electric &amp; Gas Systems Revenue</title>
        <cusip>7962535T5</cusip>
        <identifiers>
          <isin value="US7962535T52"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>287280.23000000</valUSD>
        <pctVal>0.147765819784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LAS VEGAS NV CONVENTION &amp; VISI</name>
        <lei>N/A</lei>
        <title>Las Vegas Convention &amp; Visitors Authority</title>
        <cusip>51771FAT3</cusip>
        <identifiers>
          <isin value="US51771FAT30"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>305571.30000000</valUSD>
        <pctVal>0.157174037514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-09-23</ncom:dateSigned>
      <ncom:nameOfApplicant>IndexIQ Active ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Adefolahan Oyefeso</ncom:signature>
      <ncom:signerName>Adefolahan Oyefeso</ncom:signerName>
      <ncom:title>Director and Vice President, IndexIQ</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
